## ## ## ## ## ||||Page| |---|---|---|---| |Trustees'
report|||1-6| |Independent
examiner's
report|||| |Statement
offinancial|activities||| |Summary
income and|expenditure|account|| |Balance sheet|||| |Statement ofcash flows|||12| |Notes to the financial|statements||13-30| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Unrestricted|Restricted|Endowment|Total|Total| |---|---|---|---|---|---|---|---|---|---| ||||||funds|funds|funds||| ||||||2020|2020|2020|2020|2019| |||||Notes|E|f|f|f|| |Income and endowments|||from:||||||| |Donations
and|legacies||||367,447|18,241||385,688|29,690| |Charitable
activities|||||184,198|||184,198|719,587| |Other trading|activities||||6,270|||6,270|24,986| |Investments|||||28,626|74||28,700|34,059| |Other income|||||27,341|||27,341|22,365| |Total income|||||613,882|18,315||632,197|830,687| |Ex enditure on:|||||||||| |Raising funds|||||16,958|963||17,921|21,842| |Charitable
activities|||||635,129|19,855||654,984|867,139| |Total resources expended|||||652,087|20,818||672 905|888981| |Net gains/(losses)||on investments||14|51,053||(957)|50,096|41,805| |Net movement|in|funds|||12,848|(2,503)|(957)|9,388|(16,489)| |Fund balances|at|1January|2020||2,551,957|35,165|83,065|2,670,187|2,686,676| |Fund balances|at|31December 2020|||2,564,805|32,662|82,108|2,679,575|2,670,187| ## ## ## ||||All income funds|| |---|---|---|---|---| ||||2020|2019| ||||f|f| |Gross income|||632,197|830,687| |Gains on investments|||50,096|41,805| |Total income
in the reporting||period|682,293|872,492| |Total expenditure
from income funds|||672,905|888,981| |Net income/(expenditure)|for the year||9,388|(16,489)| ## ## ## ||||||2020||2019|| |---|---|---|---|---|---|---|---|---| ||||Notes|||||| |Fixed assets||||||||| |Tangible assets||||15||1,502,871||1,528,179| |Investment
properties||||16||702,718||654,910| |Investments||||17||337,569||339,254| |||||||2,543,158||2,522,343| |Current assets||||||||| |Stocks||||18|5,600||9,602|| |Debtors||||19|39,734||27,563|| |Cash at bank and in hand|||||260,534||320,225|| ||||||305,868||357,390|| |Creditors: amounts|falling due within one|||21||||| |year|||||(135,341)||(209,546)|| |Net current assets||||||170,527||147,844| |Total assets less current||liabilities||||2,713,685||2,670,187| |Creditors: amounts|falling due after more||'|22||||| |than one year||||||(34,110)||| |Net assets||||||2,679,575||2,670,187| |Capital funds||||||||| |Endowment
funds|—general|||25||82,108||83,065| |Income funds||||||||| |Restricted funds||||26||32,662||35,165| |Unrestricted
funds||||||2,564,805||2,551,957| |||||||2,679,575||2,670,187| ## ## ## ## ## ## ||||||2020||2019|| |---|---|---|---|---|---|---|---|---| |||||Notes|f|||| |Cash flows from operating||activities||||||| |Cash absorbed
by operations||||30||(54,745)||(52,466)| |Investing|activities|||||||| |Purchase|oftangible fixed|assets|||(33,646)||(6,485)|| |Interest received|||||28,700||34,059|| |Net cash|(used in)/generated
from investing|||||||| |activiti es||||||(4,946)||27,574| |Net cash|used in financing|activities||||||| |Net decrease in cash and||cash equivalents||||(59,691)||(24,892)| |Cash and|cash equivalents|at beginning|ofyear|||320,225||3'45,117| |Cash and|cash equivalents|at end ofyear||||260,534||320,225| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---|---|---| |||||||funds|funds||| |||||||2020|2020|2020|2019| |||||||f|f|f|f| ||Donations|and gifts||||13,423|4,171|17,594|8,132| ||Legacies receivable|||||203,180||203,180|| ||Grants received||||||14,070|14,070|21,558| ||Governement||grants|||150,844||150,844|| |||||||367,447|18,241|385,688|29,690| ||Forthe year ended 31December 2019|||||6,922|22,768||29,690| |4|Charitable|activities|||||||| |||||||||2020|2019| |||||||||f|| ||Incoming|resources from charitable|||activities|||167,040|702,924| ||Cottage rental||income|||||17,158|16,663| |||||||||184,198|719,587| |5|Other trading||activities||||||| |||||||||2020|2019| |||||||||f|f| ||Activities|for generating||funds||||6,270|24,986| ## ## ## ## |||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---| |||funds|funds||| |||2020|2020|2020|2019| |||f|f|f|f| |Rental income||27,710||27,710|29,622| |Income from listed investments||910||910|2,903| |Income from unlisted|investments||74|74|1,531| |Interest receivable|||||3| |||28,626|74|28,700|34,059| |Forthe year ended 31December 2019||32,528|1,531||34,059| |||||||2020|2019| |---|---|---|---|---|---|---|---| |||||||f|f| |OFGEM|Grant|||||27,341|22,365| |Raising funds|||||||| |||||Unrestricted|Restricted|Total|Total| |||||funds|funds|2020|2019| |||||||f|| |~nto e|cental||||||| |Rental expenditure||||6,054||6,054|4,622| |~stadia|costs||||||| |Other trading||activities||7,809||7,809|13,102| |Investment
mana|||ement|3,095|963|4,058|4,118| |||||16,958|963|17,921|21,842| |For the|year ended||31December 2019||||| |Property|rental|||4,622|||4,622| |Trading|costs|||13,102|||13,102| |Investment
management||||3,118|1,000||4,118| |||||20,842|1,000||21,842| ## ## ## ## ||||2020|2019| |---|---|---|---|---| ||||f|f| |Staff costs|||386,374|461,883| |Depreciation
and loss||on disposal offixed assets|58,954|56,467| |Course expenses|||24,668|63,763| |Other staff costs|||1,581|1,957| |Lltilities and household||expenses|69,884|97,133| |Telephone,
postage and stationery|||20,314|13,084| |Travel costs|||335|2,341| |Advertising
and marketing|||1,945|10,260| |Finance costs|||2,306|3,880| |Maintenance
and repairs|||18,461|35,002| |Contracts|||5,943|5,423| |Catering|||23,982|85,887| |Legal and professional|||12,660|2,693| |Accountancy|||2,300|2,250| |General expenses|||13,412|3,910| |VAT partial exemption||adjustments|7,964|14,721| ||||651,083|860,654| |Grant funding of activities (see note 10)|||1,187|550| |Share of governance|costs (see note 11)||2,714|5,935| ||||654,984|867,139| |Analysis
by fund||||| |Unrestricted
funds|||635,129|| |Restricted funds|||19,855|| ||||654,984|| |Forthe year ended 31December 2019||||| |Unrestricted
funds||||851,093| |Restricted funds||||16,046| |||||867,139| ## ## ## ## ## ||||||2020|2019| |---|---|---|---|---|---|---| ||||||f|f| |The Dairy|House||||621|| |Grants to|individuals||||566|550| ||||||1,187|550| |Support costs||||||| ||||Support costs|Governance|2020|2019| |||||costs||| ||||E|f||| |Staff costs||||||2,176| |Independent||Examiner's fees||1,600|1,600|1,550| |Trustees expenses||||1,054|1,054|2,149| |Other costs||||60|60|60| |||||2,714|2,714|5,935| |Analysed|between|||||| |Charitable|activities|||2,714|2,714|5,935| ## ## ## |The average|monthly
number ofemployees
during the|year was:|| |---|---|---|---| |||2020|2019| |||Number|Number| |||15|30| |Employment|costs|2020|2019| |||f|f| |Wages and salaries||360,109|429,066| |Social security costs||18,046|25,328| |Other pension costs||8,219|9,665| |||386,374|464,059| |||||Unrestricted|Endowment|Total|Total| |---|---|---|---|---|---|---|---| |||||funds|funds||| ||||||general||| |||||2020|2020|2020|2019| |||||E||f|f| |Revaluation||of investments||3,245|(957)|2,288|27,072| |Gain/(loss)|on sale of investments||||||2,523| |Revaluation||of investment|properties|47,808||47,808|12,210| |||||51,053|(957)|50,096|41,805| |Forthe year||ended 31December|||||| |2019||||33,251|8,554||41,805| ## ## ## ## |||||||||| |---|---|---|---|---|---|---|---|---| |15|Tangible fixed assets|||||||| ||||||Land and|Plant and|Fixtures,|Total| ||||||buildings|machinery|fittings &|| ||||||||equipment|| ||||||||f|| ||Cost|||||||| ||At 1January|2020|||1,842,933|2461445|37,758|2,127,136| ||Additions||||12,967||20,679|33,646| ||Disposals|||||(2,331)||(2,331)| ||At 31December 2020||||1,855,900|244,114|58,437|2,158,451| ||Depreciation|and impairment||||||| ||At 1January|2020|||495,125|80,456|23,376|598,957| ||Depreciation|charged|in the|year|36,918|12,561|7,906|57,385| ||Eliminated
in respect of disposals|||||(762)||(762)| ||At 31December 2020||||532,043|92,255|31,282|655,580| ||Carrying amount|||||||| ||At 31December 2020||||1,323,857|151,859|27,155|1,502,871| ||At 31December 2019||||1,347,808|165,989|14,382|1,528,179| |16|Investment|property||||||| |||||||||2020| |||||||||f| ||Fair value|||||||| ||At 1January|2020||||||654,910| ||Net gains or|losses through||fair value adjustments||||47,808| ||At 31December 2020|||||||702,718| ## ## ## ## ||Listed|Unlisted|Total| |---|---|---|---| ||investments|investments|| ||f|f|| |Cost or valuation|||| |At 1January 2020|327,283|11,971|339,254| |Valuation
changes|2,289|(3,974)|(1,685)| |At 31December 2020|329,572|7,997|337,569| |Carrying amount|||| |At 31December 2020|329,572|7,997|337,569| |At 31December 2019|327,283|11,971|339,254| ## |Material|inve|stments||||| |---|---|---|---|---|---|---| ||||||December|| |||||||202| |||||||f| |Dimensional||global short dated|bond accumulation|||134,782| |LRG all stocks index linked gilt index trust||||I accumulation||25,779| |LRG international
index trust institutional||||accumulation||29,54| |LEG UK|index|trust institutional|accumulation|||24 266| |||||||214367| |Stocks||||||| ||||||2020|2019| ||||||f|f| |Finished|goods and goods for resale||||5,600|9,602| |Debtors||||||| ||||||2020|2019| |Amounts|falling due within one year:||||f|f| |Trade debtors|||||458|10,053| |Other debtors|||||3,235|| |Prepayments||and accrued income|||36,041|17,510| ||||||39,734|27,563| ## ## ## ## |20|Loans and|overdrafts|overdrafts|||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||2020||2019| |||||||||||f||f| ||Debenture|loans||||||||48,500||48,500| ||Payable within one year|||||||||14,390||48,500| ||Payable after one||year|||||||34,110||| ||The loans|were|made||by Lord Hylton|to Ammerdown|on a free-interest|basis.|Some of|these
loans|have|been| ||converted|by Lord Hylton into gifts. There is no repayment|||||schedule in connection to the loan.|||||| |21|Creditors:|amounts||falling due within||one year||||||| |||||||||||2020||2019| ||||||||Notes|||f||f| ||Borrowings|||||||||14,390||48,500| ||Other taxation
and social security|||||||||9,683||18,171| ||Deferred income|||||||23||75,242||98,706| ||Trade creditors|||||||||27,975||29,490| ||Other creditors|||||||||1,532||4,757| ||Accruals and deferred||||income|||||6,519||9,922| ||||||||||135,341||209,546|| |22|Creditors:|amounts||falling due after more than one year||||||||| |||||||||||2020||2019| |||||||||||f||f| ||Borrowings|||||||||34,110||| ## ## ## ## |||||2020|2019| |---|---|---|---|---|---| |||||f|f| |Other deferred
income||||75,242|98,706| |Current|liabilities|||75,242|98,706| |||||75,242|98,706| |Movement
in the||year||2020|2019| |||||f|f| |At 1January 2020||||98,706|82,212| |Amount|released|to income earned from charitable|activities|(98,706)|(82,212)| |Amount|deferred|in the year||75,242|98,706| |At 31December 2020||||75,242|98,706| ## ## ## ## ## ||||Movement|Movement|in funds|in funds|| |---|---|---|---|---|---|---|---| |||Balance at 1|Incoming|Resources||Gains/(Losses)|Balance at 31| |||January 2020|Resources|Expended||and Transfers|December 2020| |||E|f||f|f|E| |Permanent|endowments||||||| |Bursary fund||83,065||||(957)|82,108| |||83,065||||(957)|82,108| |Prior year|||||||| |Prior year|||||||| |---|---|---|---|---|---|---|---| ||||Movement||in funds||| |||Balance at 1|Incoming|Resources||Gains/(Losses)|Balance at 31| |||January 2019|Resources|Expended||and Transfers|December 2019| |||E|E||E|E|E| |Permanent|endowments||||||| |Bursary fund||74,511||||8,554|83,065| |||74,511||||8,554|83,065| ## ## ## |||||||||||Movement|Movement|Movement|in funds||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||Balance at 1||Incoming|||Resources
Transfers|||||Balance||at 31| ||||||||January 2020||Resources|||Expended||||December|||2020| |||||||||f|||||f||f||||| |Equipment
and refurbishment||||fund||||5,314||3,000|||(4,174)||||||4,140| |Chapel fund||||||||622|||||||||||622| |Bursaries||||||||1,191||1,245|||(1,529)||||||907| |Peace Garden||||||||518|||||||||||518| |Interfaith
project||||||||27,520||14,070|||(15,115)|||||26,475|| |||||||||35,165||18,315|||(20,818)|||||32,662|| |Prior year||||||||||Movement|||in funds||||||| ||||||||Balance at 1||Incoming|||Resources
Transfers|||||Balance||at 31| ||||||||January 2019||Resources|||Expended||||December|||2019| |||||||||f||f|||f||f||||| |Equipment
and refurbishment||||fund||||5,776|||||(462)||||||5,314| |Chapel fund||||||||718|||||(96)||||||622| |Bursaries||||||||||2,741|||(1,550)||||||1,191| |Peace Garden||||||||1,442|||||(924)||||||518| |Interfaith
project||||||||19,976||21,558|||(14,014)|||||27,520|| |||||||||27,912||24,299|||(17,046)|||||35,165|| |Equipment
and furnishings|||Fund||—Money donated
to help||||the|Centre||purchase
small||items of equipment||||and|| |furnishings
to assist with refurbishments.|||||||||||||||||||| |Chapel
Fund|—Monies raised|||to enhance||the||spiritual
experience||ofAmmerdown
guests.|||||||||| |Bursary
Fund|—The income|||is used to assist||||people on low incomes to||||attend
courses||run|at the|Ammerdown|||| |Centre.|||||||||||||||||||| |Peace Garden|—Money donated to create||||||a small peace garden.||||||||||||| |Interfaith
project||— The
Methodist||||Conference
called|||the|Methodist|||people
to|challenge||racism||and|| |discrimination;|to|speak and||act|for healing,|||reconciliation|and|mutual||respect
in their||own communities.||||The|| |Ammerdown|Project seeks to do||||this by engaging
with people who have|||||||been|victims of|racial abuse,|||particularly||| |abuse related|to their faith,|||and|with those|||projects that are engaged|||in addressing
racial injustice|||||and working|||| |towards
improved||community||integration,|||to identify best practice and||||actively promote|||its|replication.||||| ## ## ## ## |Analysis of|net assets between
funds||||| |---|---|---|---|---|---| |||Unrestricted|Restricted|Endowment|Total| |||funcls|funds|funds|| |Fund balances at 31December 2020 are|||||| |represented|by:||||| |Tangible assets||1,502,871|||1,502,871| |Investment|properties|702,718|||702,718| |Investments||255,461||82,108|337,569| |Current
assets/(li abiliti es)||137,865|32,662||170,527| |Long term|liabilities|(34,110)|||(34,110)| |||2,564,805|32,662|82,108|2,679,575| |Prior year|||||| |||Unrestricted|Restricted|Endowment|Total| |||funds|funds|funds|| |Fund balances at 31December 2019are|||||| |represented|by:||||| |Tangible
assets||1,528,179|||1,528,179| |Investment|properties|654,910|||654,910| |Investments||256,189||83,065|339,254| |Current
assets/(liabilities)||112,679|35,165||147,844| |||2,551,957|35,165|83,065|2,670,187| ## ## ## ## ||2020|2019| |---|---|---| ||f|f| |Within one year|6,210|1,441| |Between two and five years|15,795|11,406| ||22,005|12,847| ## ## |Cash generated
from operations|Cash generated
from operations|Cash generated
from operations||||2020|2019| |---|---|---|---|---|---|---|---| |||||||f|f| |Surplus/(deficit)
for the year||||||9,388|(16,489)| |Adjustments
for:|||||||| |Investment
income recognised||in statement||offinancial|activities|(28,700)|(34,059)| |Fair value gains and losses on|investment||properties|||(47,808)|(12,210)| |Fair value gains and losses on|investments|||||1,686|(27,021)| |Depreciation
and impairment|oftangible||fixed assets|||58,954|56,467| |Movements
in working capital:|||||||| |Decrease
in stocks||||||4,002|3,195| |(Increase)/decrease
in debtors||||||(12,171)|4,251| |(Decrease)
in creditors||||||(16,632)|(43,094)| |(Decrease)/increase
in deferred||income||||(23,464)|16,494| |Cash absorbed
by operations||||||(54,745)|(52,466)| ## ## ## |31|Analysis ofchanges|in net funds|||| |---|---|---|---|---|---| ||||At 1January 2020|Cash flows|At 31December| ||||||2020| ||Cash at bank and in|hand|320,225|(59,691)|260,534| ||Loans falling due within one year||(48,500)|34,110|(14,390)| ||Loans falling due after more than one year|||(34,110)|(34,110)| ||||271,725|(59,691)|212,034|